Just Desserts buys cheesecakes from General Bakeries at $33.60 per cheesecake. It then cuts each cheesecake into

Question:

Just Desserts buys cheesecakes from General Bakeries at $33.60 per cheesecake. It then cuts each cheesecake into 16 slices and sells them to customers at $6.50 per slice. Calculate the rate of markup on cost and the rate of markup on selling price.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 06:58 AM

See More Questions

Midge agreed to supply 150 cheesecakes to Just Desserts, a gourmet food store that planned to freeze the cakes and sell them. The contract provided that the cakes were to be delivered by 5:00 p.m....
Three Brothers Restaurant purchases cheesecakes and offers them as dessert items on its menu. The cheesecakes cost $24 each, and a cake contains 8 pieces. The supplier recently gave advance notice...
Sisters Restaurant purchases cheesecakes and offers them as dessert items on its menu. The cheesecakes cost $24 each, and a cake contains 8 pieces. The supplier recently gave notice that the price...
Pick a method of accounting for bad debt. What do you like about it and why? give an example of a company where it makes sense to use that method? Why does it make sense? Also give an example of a...
GOME (www.GOME.com.hk), Best Buy, and RadioShack are competitors in the global marketplace. Key comparative figures for each company follow. Required 1. Rank the four companies (highest to lowest)...
Prove equation (6). [cos(01 02) + i sin(0, 02)] Z2 Z1 (6) r2
I want sales representatives who can stand on their own. Once they have been through training and show how to apply their knowledge, it shouldnt be necessary for me to constantly tell them how they...
Morrison Company owns 80 percent of Bloom Corporations stock, acquired when Blooms fair value as a whole was equal to its book value. The companies frequently engage in intercompany inventory...
Kramerica Industries has come up with an ingenious business plan. Kramerica has two divisions. The first division manufactures the most delicious ice cream in the world. One scoop of this ice cream...
A manufacturer is considering alternatives for building new plants, to be located closer to three of its primary customers with whom it intends to develop long-term, sole-supplier relationships. The...
The price of tools is set by a hardware store to cover operating expenses at 40% of cost, and to generate an operating profit of 25% of cost. What is the rate of markup on selling price for a rotary...
The Annapolis Rotary Club sells hot dogs for $1.95 each at the annual Annapolis Fall Fair. The Rotary Club buys wieners at $3.95 per package of 10 wieners, and hot dog buns at $2.90 per dozen. It...
GDP calculations do not directly include the economic costs of environmental damagefor example, global warming and acid rain. Do you think these costs should be included in GDP? Why or why not? How...
Netflix has emerged as one of the most disruptive and successful on-demand video and media service providers over the last decade. Started as a mail-order DVD company in 1997, Netflix has succeeded...
The text noted that cost-effectiveness analysis began with the military. Consider the planning of a military intervention against an enemy. How (conceptually) would one measure benefi ts? Is it easy...
Colorado legalized the recreational use of marijuana in 2014 to raise revenues through sales and excise taxes. In Denver, 1/8 ounce of marijuana costing $30 had about $8 in various taxes added on....
From your experience, do you think the typical person becomes less healthy upon, or shortly after, retirement? What does the Grossman model predict?
Which of the following are important in explaining the modern rise in population in England and Wales: birthrates, death rates, and net migration rates? Describe the evidence.
Find and simplify the function values. (x, y) = 6 - 4x - 2y (a) (0, 2) (b) (5, 0) (c) (-1, -2) (d) (-3, y)
Define relevant costs and discuss: (1) whether all future costs are relevant for decision making and (2) whether variable costs are always relevant and fixed costs are always irrelevant
A mortgage contract for $245,000 written 10 years ago is just at the end of its second five-year term. The interest rates were 6% compounded semiannually for the first term and 5% compounded...
Monthly payments on a $150,000 mortgage are based on an interest rate of 4.9% compounded semiannually and a 30-year amortization. If a $5000 prepayment is made along with the 32nd payment, a. How...
Ms. Esperanto obtained a $40,000 hon1e equity loan at 4.5% compounded monthly. a. What will she pay monthly if the amortization period is 15 years? b. How much of the payment made at the end of the...
Hall & Company issues $ 1 0 0 , 0 0 0 , 0 0 0 in 6 % bonds with detachable warrants of 1 0 warrants for each $ 1 , 0 0 0 bond. The bonds are issued at 9 9 . Record the issuance under the following...
Assume that hein acquired Dolan Development last year. Hein recorded the following intangible assets on the date of acquisition: Goodwill: $ 1 , 5 0 0 , 0 0 0 Dolan Development trademark: $ 6 0 0 , 0...
What is the total amount of interest that will be paid of the loan is carried to term with no extra payments made building cost 3 3 0 0 0 0 . loan started im Dec 2 0 2 3 worh a 7 . 5 % interest rate...

Just Desserts buys cheesecakes from General Bakeries at $33.60 per cheesecake. It then cuts each cheesecake into

Question:

Step by Step Answer:

Given C 3360 per cake S 16650 104 ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions